In its 14th urgent session held today, the Council of Ministers has reviewed and passed a new proclamation establishing a federal authority to regulate telecommunication services. The proclamation has been referred to the House of People’s Representatives for approval. The new proclamation, “Communications Service Regulation Proclamation” establishes “an independent, transparent, and accountable regulatory Authority” aimed…

Samson Redae, 45, is unloading sacks of garments brought from Asmara, Eritrea, to Adigrat, a town located about 38Km inland from the border area in Ethiopia. He is one of the hundreds of Eritreans who cross the border daily to take advantage of the recent opportunity the historic rapprochement between the two countries has provided…

By Lawrence Abrams – Bleeping Computer Google has agreed to create a fund of 11 million dollars as part of a a class action settlement for terminating or disabling a publisher’s Adsense accounts, but not paying out any balances that the publisher had at the time. The class action complaint filed by a California company named Free Range Content,…

By Dawit Endeshaw Heineken Brewery SC has introduced two new beers to Ethiopian market called Sofi Buna and Walia 3.3. This is the third attempt in almost one year where the company introduced a new beer. It is to be recalled that in June 2017, Heineken introduced Walia Radler which has 2.5 percent alcohol content. This…

By Mfonobong Nsehe JAN 1, 2018 @ 11:06 AM FORBES – Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin. The 60-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Since…

Supporters of the jailed Catalan independence leaders stand with an independence flag and banners reading ‘ Republic’, ‘Repression’ and ‘Democracy’’ while waiting for the release of the Catalan politicians outside the Estremera jail some 75 kilometres (46 miles) south-east of Madrid, Spain, Monday, Dec. 4, 2017. A Spanish judge has ordered the release of six…

Alexandra Ulmer, Deisy Buitrago, Reuters Venezuelan President Nicolas Maduro announced the launch of a cryptocurrency called the “petro” backed by oil reserves. Few specifics were given about the currency launch or how the struggling OPEC member would create the crytocurrency. Maduro said the petro will help Venezuela recover financially after the US imposed sanctions. CARACAS (Reuters) –…

PUBLISHED ON DEC 01,2017 [ VOL 18 ,NO 918 ] Addis Fortune Ermias Eshetu, the former chief of the Ethiopian Commodities Exchange (ECX), has landed a high paying job with African Renaissance Television Services (ARTS) as its new Chief Executive Officer (CEO). He replaced Mackonen E. Michael, the founding CEO and a returnee from the UK who has also…